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| esg is bad for business: Environmental, Social, and Governance (ESG) Investing John Hill, 2020-01-30 Environmental, Social, and Governance (ESG) Investing: A Balanced Analysis of the Theory and Practice of a Sustainable Portfolio presents a balanced, thorough analysis of ESG factors as they are incorporated into the investment process. An estimated 25% of all new investments are in ESG funds, with a global total of $23 trillion and the U.S. accounting for almost $9 trillion. Many advocate the sustainability goals promoted by ESG, while others prefer to maximize returns and spend their earnings on social causes. The core problem facing those who want to promote sustainability goals is to define sustainability investing and measure its returns. This book examines theories and their practical implications, illuminating issues that other books leave in the shadows. - Provides a dispassionate examination of ESG investing - Presents the historical arguments for maximizing returns and competing theories to support an ESG approach - Reviews case studies of empirical evidence about relative returns of both traditional and ESG investment approaches |
| esg is bad for business: Grow the Pie Alex Edmans, 2021-11-11 Should companies be run for profit or purpose? This book shows how they can deliver both-based on rigorous evidence and an actionable framework. This edition, updated to include the pandemic and latest research, explains how managers, investors and citizens can put purpose into practice-and overcome the difficult trade-offs that hold them back. |
| esg is bad for business: The Big Pivot Andrew S. Winston, 2014-03-11 We live in a fundamentally changed world. It’s time for your approach to strategy to change, too. The evidence is all around us. Extreme weather, driven by climate change, is shattering records all over the planet. Our natural resources are in greater demand than ever before as a billion more people enter the global middle class, wanting more of everything. Radical transparency is opening up company operations and supply chains to public scrutiny. This is not some futuristic scenario or model to debate, but today’s reality. We've passed an economic tipping point. A weakening of the foundations of our planetary infrastructure is costing businesses dearly and putting our society at risk. The mega challenges of climate change, scarcity, and radical transparency threaten our ability to run an expanding global economy and are profoundly changing “business as usual.” But they also offer unprecedented opportunities: multi-trillion-dollar markets are in play, and the winners of this new game will profit mightily. According to Andrew Winston, bestselling author (Green to Gold) and globally recognized business strategist, the way companies currently operate will not allow them to keep up with the current—and future—rate of change. They need to make the Big Pivot. In this indispensable new book, Winston provides ten crucial strategies for leaders and companies ready to move boldly forward and win in this new reality. With concrete advice and tactics, and new stories from companies like British Telecom, Diageo, Dow, Ford, Nike, Unilever, Walmart, and many others, The Big Pivot will help you, and all of us, create more resilient businesses and a more prosperous world. This book is the blueprint to get you started. |
| esg is bad for business: A Guide to Sustainable Corporate Responsibility Caroline D. Ditlev-Simonsen, 2022 This open access book discusses the challenges and opportunities faced by companies in an age that increasingly values sustainability and demands corporate responsibility. Beginning with the historical development of corporate responsibility, this book moves from academic theory to practical application. It points to ways in which companies can successfully manage their transition to a more responsible, sustainable way of doing business, common mistakes to avoid and how the UN Sustainable Development Goals are integral to any sustainability transformation. Practical cases illustrate key points. Drawing on thirty years of sustainability research and extensive corporate experience, the author provides tools such as a Step-by-Step strategic guide on integrating sustainability in collaboration with stakeholders including employees, customers, suppliers and investors. The book is particularly relevant for SMEs and companies operating in emerging markets. From a broader perspective, the value of externalities, full cost pricing, alternative economic theories and circular economy are also addressed. |
| esg is bad for business: The Dictatorship of Woke Capital Stephen R. Soukup, 2021-02-23 For the better part of a century, the Left has been waging a slow, methodical battle for control of the institutions of Western civilization. During most of that time, “business”— and American Big Business, in particular — remained the last redoubt for those who believe in free people, free markets, and the criticality of private property. Over the past two decades, however, that has changed, and the Left has taken its long march to the last remaining non-Leftist institution. Over the course of the past two years or so, a small handful of politicians on the Right — Senators Tom Cotton, Marco Rubio, and Josh Hawley, to name three — have begun to sense that something is wrong with American business and have sought to identify the problem and offer solutions to rectify it. While the attention of high-profile politicians to the issue is welcome, to date the solutions they have proposed are inadequate, for a variety of reasons, including a failure to grasp the scope of the problem, failure to understand the mechanisms of corporate governance, and an overreliance on state-imposed, top-down solutions. This book provides a comprehensive overview of the problem and the players involved, both on the aggressive, hardcharging Left and in the nascent conservative resistance. It explains what the Left is doing and how and why the Right must be prepared and willing to fight back to save this critical aspect of American culture from becoming another, more economically powerful version of the “woke” college campus. |
| esg is bad for business: Hedge Fund Activism Alon Brav, Wei Jiang, Hyunseob Kim, 2010 Hedge Fund Activism begins with a brief outline of the research literature and describes datasets on hedge fund activism. |
| esg is bad for business: Geo-Economics: The Interplay between Geopolitics, Economics, and Investments Joachim Klement, 2021-04-28 Today’s investors need to understand geopolitical trends as a main driving force of markets. This book provides just that: an understanding of the interplay between geopolitics and economics, and of the impact of that dynamic on financial markets. To me, geo-economics is the study of how geopolitics and economics interact in international relations. Plenty of books on geopolitics have been written by eminent experts in politics and international affairs. This book is not one of them. First, I am neither a political scientist nor an expert in international affairs. I am an economist and an investment strategist who has been fascinated by geopolitics for many years. And this fascination has led me to the realization that almost all books and articles written on geopolitics are useless for investors. Political scientists are not trained to think like investors, and they are not typically trained in quantitative methods. Instead, they engage in developing narratives for geopolitical events and processes that pose risks and opportunities for investors. My main problem with these narratives is that they usually do not pass the “so what?” test. Geopolitical risks are important, but how am I to assess which risks are important for my portfolio and which ones are simply noise? Because geopolitics experts focus on politics, they do not provide an answer to this crucial question for investors. What could be important for a geopolitics expert and for global politics could be totally irrelevant for investors. For example, the US wars in Iraq and Afghanistan have been going on for almost two decades now and have been an important influence on the political discussion in the United States. But for investors, the war in Afghanistan was a total nonevent, and the war in Iraq had only a fleeting influence, when it started in 2003. Geopolitics experts cannot answer the question of which geopolitical events matter for investors and which do not. Unfortunately, some experts thus claim that all geopolitical risks matter and that these risks cannot be quantified but only assessed qualitatively. Nothing could be further from the truth. In the chapters that follow, I discuss geopolitical and geo-economic events from the viewpoint of an investor and show that they can be quantified and introduced as part of a traditional risk management process. I do this in two parts. The first part of this book focuses on geopolitics that matters to investors. It reviews the literature on a range of geopolitical events and shows which events have a material economic effect and which do not. The second part of this book puts the insights from those first chapters into practice by applying them to current geopolitical trends. In this second part, I stick my head out and examine the impact the geopolitical trends have on the economy and financial markets today and their likely development in the coming years. —Joachim Klement, CFA |
| esg is bad for business: Ethical Quandaries in Business Practices: Exploring Morality and Social Responsibility Roache, Darcia Ann Marie, 2024-08-29 In today's fast-paced business environment, organizations face increasingly complex ethical challenges. From navigating cultural differences in global operations to balancing profit motives with social responsibility, businesses must make moral decisions that impact their stakeholders and the broader society. However, many need more frameworks and insights to address these challenges effectively, leading to ethical dilemmas that can harm their reputation and bottom line. Ethical Quandaries in Business Practices: Exploring Morality and Social Responsibility is a practical guide for organizations and individuals grappling with ethical decision-making. Delving into real-world case studies and offering theoretical perspectives equips readers with the tools to analyze ethical challenges in various business contexts. From understanding the ethical implications of marketing strategies to promoting ethical leadership and corporate governance, this book offers actionable insights to help businesses navigate complex ethical landscapes. It also addresses the growing demand from consumers, investors, and regulators for enterprises to prioritize social responsibility, providing strategies for integrating ethical practices into organizational culture. |
| esg is bad for business: Capitalism for Everyone Joachim Klement, Michael S. Falk, 2021-05-18 Does capitalism still work? In the newspapers and on TV, capitalism is being criticised everywhere as the source of rising inequality and a system that no longer works for the middle class. At the heart of the tension between capitalism and the “public good” lies the question of whether a company’s only goal is value maximisation for its shareholders or whether it has obligations to other stakeholders as well. We dive into the history of both shareholder value maximisation and stakeholder capitalism and show how stakeholder capitalism has been implemented successfully—and sometimes not so successfully—in countries such as the United Kingdom, Germany, and Japan. Furthermore, we show how sovereign wealth funds can act as shareholders that allow the “public” to participate in businesses. We are capitalists and believe in the continued power of capitalism to create wealth, but we also see the need for a more inclusive approach to capitalism. In this note, we describe some features of sovereign wealth funds that can allow businesses to thrive while providing benefits for everyone and creating a more inclusive form of capitalism. |
| esg is bad for business: The New Corporation Joel Bakan, 2020-09-22 Silver WINNER of the 2021 Axiom Business Book Awards in Business Ethics WINNER of the 2021 Jim Deva Prize for Writing That Provokes From the author of The Corporation: The Pathological Pursuit of Profit and Power comes this deeply informed and unflinching look at the way corporations have slyly rebranded themselves as socially conscious entities ready to tackle society's problems, while CEO compensation soars, income inequality is at all-time highs, and democracy sits in a precarious situation. Over the last decade and a half, business leaders, Silicon Valley executives, and the Davos elite have been calling for a new kind of capitalism. The writing was on the wall. With income inequality soaring, wages stagnating, and a climate crisis escalating, it was no longer viable to justify harming the environment and ducking taxes in the name of shareholder value. Business leaders realized that to get out in front of these problems, they had to make social and environmental values the very core of their messaging. Their essential pitch was: Who could be better suited to address major societal issues than efficiently run corporations? There is just one small problem with their doing well by doing good pitch. Corporations are still, ultimately, answerable to their shareholders, and doing well always comes first. This essential truth lies at the heart of Joel Bakan's argument. In lucid and engaging prose, Bakan lays bare a litany of immoral corporate actions and documents corporate power grabs dressed up as social initiatives. He makes clear the urgency of the problem of the corporatization of society itself and shows how people are fighting back and making gains on a grassroots level. |
| esg is bad for business: Asset Management Andrew Ang, 2014 Stocks and bonds? Real estate? Hedge funds? Private equity? If you think those are the things to focus on in building an investment portfolio, Andrew Ang has accumulated a body of research that will prove otherwise. In this book, Ang upends the conventional wisdom about asset allocation by showing that what matters aren't asset class labels but the bundles of overlapping risks they represent. |
| esg is bad for business: Business Sustainability Zabihollah Rezaee, 2017-09-08 Business sustainability has advanced from greenwashing and branding to being a business imperative. Stakeholders, including shareholders, demand, regulators require, and companies now need to report their sustainability performance. No longer is this a choice for businesses. A decade ago, fewer than 50 companies released sustainability reports, and now more 8,000 global public companies disclose sustainability performance information on some or all five economic, governance, social, ethical, and environmental (EGSEE) dimensions of sustainability performance, and this trend is expected to continue. Indeed, more than 6,000 European public companies would be required to disclose their environmental, social, governance and diversity information for their 2017 reporting year. However, the proper determination of sustainability performance, accurate and reliable reporting and independent assurance of sustainability information remain major challenges for organizations of all types and sizes. Through reading this book, you will: Identify sustainability strategies to create innovation in new products, services, energy-efficiency, environmental facilities and green initiatives. Understand the role and responsibilities of all participants in the corporate reporting process, including directors, officers, internal auditors, external auditors, legal counsel, and investors. See ways to improve public trust, investor confidence, business reputation, employee satisfaction, corporate culture, social responsibility and environmental performance. Learn all five economic, governance, social, ethical and environmental (EGSEE) dimensions of sustainability performance separately and their integrated and interactive effects on achieving the goal of creating sustainable value for all stakeholders, including shareholders. Learn how to adopt best practices in sustainability development and performance, and deliver effective integrated sustainability reporting and assurance. |
| esg is bad for business: Rethinking Corporate Sustainability in the Era of Climate Crisis Raz Godelnik, 2021-06-26 This book provides a clear, critical, and timely analysis of the state of corporate sustainability within the context of the climate crisis. It offers not only a substantive critique of the current efforts but also clarity about the changes needed and how to implement them. The book goes beyond the more common debate on shareholder capitalism vs. stakeholder capitalism to explain the shortcomings of the current approach to sustainability in business, which the author describes as sustainability-as-usual. Using strategic design lenses, the author proposes a new model of awakened sustainability, which offers a transformational shift in corporate sustainability to ensure companies fairly and effectively address the climate crisis. The book presents the numerous changes needed in the environment in which companies operate to enable awakened sustainability and how these changes can be realized. Grounded in the scientific community’s calls for urgent action on climate change, this groundbreaking text provides scholars with an evaluation of current and future trends in corporate sustainability. It connects the dots between the progress made in the last five decades and the opportunities entailed in the work on a regenerative and just vision for companies in this decade and beyond. |
| esg is bad for business: Rehumanizing Leadership Michael Chavez, Sudhanshu Palsule, 2020 The rehumanization of leadership has become one of the most pressing issues of our times. This book offers an antidote to the linear and fragmented leadership models that emerged out of the industrial age. The authors make a compelling case for purpose, empathy and caring to become the strategic driving forces for organizations in a disruptive and complex world. This book provides you with the simple tools and the mindset that you need to lead your organization into the 21st century. |
| esg is bad for business: Valuation McKinsey & Company Inc., Tim Koller, Marc Goedhart, David Wessels, 2010-07-16 The number one guide to corporate valuation is back and better than ever Thoroughly revised and expanded to reflect business conditions in today's volatile global economy, Valuation, Fifth Edition continues the tradition of its bestselling predecessors by providing up-to-date insights and practical advice on how to create, manage, and measure the value of an organization. Along with all new case studies that illustrate how valuation techniques and principles are applied in real-world situations, this comprehensive guide has been updated to reflect new developments in corporate finance, changes in accounting rules, and an enhanced global perspective. Valuation, Fifth Edition is filled with expert guidance that managers at all levels, investors, and students can use to enhance their understanding of this important discipline. Contains strategies for multi-business valuation and valuation for corporate restructuring, mergers, and acquisitions Addresses how you can interpret the results of a valuation in light of a company's competitive situation Also available: a book plus CD-ROM package (978-0-470-42469-8) as well as a stand-alone CD-ROM (978-0-470-42457-7) containing an interactive valuation DCF model Valuation, Fifth Edition stands alone in this field with its reputation of quality and consistency. If you want to hone your valuation skills today and improve them for years to come, look no further than this book. |
| esg is bad for business: Early Stage Valuation Antonella Puca, 2020-06-30 Addresses significant developments in the valuation of early stage enterprises at fair value with emphasis on practical applications—features a broad selection of case studies of early stage valuation Early Stage Valuation: A Fair Value Perspective provides a comprehensive review of the current methodologies used to value Early Stage Enterprises (ESEs) at fair value for financial reporting, investment, and mergers and acquisitions. Author Antonella Puca, Senior Director with Alvarez & Marsal Valuation Services in New York, provides accurate, up-to-date information on recent guidelines and new approaches for valuation assessments. This authoritative guide examines how to apply market analysis, discounted cash flows models, statistical techniques such as option pricing models (OPM) and Monte Carlo simulation, the venture capital method and non-GAAP metrics to ESE valuation. The text considers the most recent AICPA, Appraisal Foundation and IPEV guidance, and examines developments in both academic research and venture capital investor practice. Numerous real-world case studies illustrate early stage valuation suitable for structuring sound, internally consistent business transactions. Covering current trends and the latest regulatory guidance in the area, this book: Provides step-by-step guidance on practical valuation applications Reflects current standards for ESE valuation, including the AICPA Guide to the Valuation of Portfolio Company Investments, the IPEV guidelines and guidance from the Appraisal Foundation Covers new approaches to the valuation of ESEs with option pricing models, Monte Carlo Simulation, calibration and non-GAAP metrics Offers an overview of start-up valuation Discusses how intangible assets are impacting the valuation of ESEs The book also includes contributions from Neil Beaton, Andreas Dal Santo, Alexander Davie, John Jackman and Mark Zyla. Early Stage Valuation: A Fair Value Perspective is an essential resource for valuation specialists, private equity and venture capital fund managers, analysts, attorneys, investment bankers, regulators and auditors, and investors with interest in the private equity and venture capital industry. |
| esg is bad for business: The Impact Investor Cathy Clark, Jed Emerson, Ben Thornley, 2014-09-22 Your money can change the world The Impact Investor: Lessons in Leadership and Strategy for Collaborative Capitalism offers precise details on what, exactly, impact investing entails, embodied in the experiences and best and proven practices of some of the world's most successful impact investors, across asset classes, geographies and areas of impact. The book discusses the parameters of impact investing in unprecedented detail and clarity, providing both context and tools to those eager to engage in the generational shift in the way finance and business is being approached in the new era of Collaborative Capitalism. The book presents a simple thesis with clarity and conviction: Impact investing can be done successfully. This is what success looks like, and this is what it requires. With much-needed lessons for practitioners, the authors view impact investing as a harbinger of a new, more multilingual (cross-sector), transparent, and accountable form of economic leadership. The Impact Investor: Lessons in Leadership and Strategy for Collaborative Capitalism serves as a resource for a variety of players in finance and business, including: Investors: It demonstrates not only the types of investments which can be profitable and impactful, but also details best practices that, with roots in impact investing, will increasingly play a role in undergirding the success of all investment strategies. Wealth advisors/financial services professionals: With unprecedented detail on the innovative structures and strategies of impact investing funds, the book provides guidance to financial institutions on how to incorporate these investments in client portfolios. Foundations: The book explores the many catalytic and innovative ways for for-profit and non-profit investors to partner, amplifying the potential social and environmental impacts of philanthropic spending and market-rate endowment investment. Business students: By including strategies for making sound impact investments based on detailed case studies, it provides concrete lessons and explores the skills required to enhance prospects for success as a finance and business professional. Policy makers: Reinforcing the urgency of creating a supportive and enabling environment for impact investing, the book demonstrates ways policy has already shaped the sector, and suggests new ways for policymakers to support it. Corporate leaders: The book includes essential advice on the way business is and must be responding to a new generation of Millennial clients and customers, with unique insights into a form of value creation that is inherently more collaborative and outcomes-driven. |
| esg is bad for business: Corporate Behavior and Sustainability Güler Aras, Coral Ingley, 2016-10-04 Companies can no longer expect to engage in dubious or unethical corporate behaviour without risking their reputation and damaging, perhaps irrevocably, their market position. Irresponsible corporate behavior not only deprives shareholders of long-term returns but also ultimately imposes a cost on society as a whole. Sustainable business is about ensuring that entities contribute toward positive social, environmental, and economic outcomes. Bad business behaviour is costly for stakeholders, for markets, for society, and the economy alike. To ensure that a company behaves well, the buy-in of the leadership team is crucial. The full commitment of the board of directors, in conjunction with the senior managers of the organization, is required if an organization is to be socially responsible. In this sense, leadership does not reside with an individual (the CEO) within the organization but with all of those at the apex of corporate power and control. Effective change management requires enlightened and capable leadership to instigate and drive the process of embedding a sustainable and socially responsible corporate philosophy and culture that supports good business decision-making. A profound understanding of the requirements of such a leadership process will help corporate managers become highly effective change agents. Governance will be the main driver of this change. For the economy and financial markets to become sustainable and resilient, radical changes in corporate leadership need to take place. Integrated reporting, government regulation, and international standards will all be important factors in bringing about this change. As well as understanding the effects of corporate behavior on financial markets, such an understanding is also now imperative in relation to the social and environmental contexts. |
| esg is bad for business: Handbook on the Business of Sustainability Yousafzai, Shumaila, Henry, Colette, Boddington, Monique, Sheikh, Shandana, Fayolle, Alain, 2022-02-11 This ground-breaking Handbook uniquely focuses on the business of sustainability, offering a fresh insight and practical solutions to the challenges that businesses face in making human activity sustainable. It is organized into four distinctive themes that cut across levels of analysis and illustrate a rich set of solution contexts that will guide future research. |
| esg is bad for business: Accountable Michael O'Leary, Warren Valdmanis, 2020-08-18 “More than ever before, this is the book our economy needs.” – Dr. Rajiv Shah, president of the Rockefeller Foundation “Unwilling to settle for easy answers or superficial changes, O’Leary and Valdmanis push us all to ask more of our economic system.” – Senator Michael F. Bennet This provocative book takes us inside the fight to save capitalism from itself. Corporations are broken, reflecting no purpose deeper than profit. But the tools we are relying on to fix them—corporate social responsibility, divestment, impact investing, and government control—risk making our problems worse. With lively storytelling and careful analysis, O’Leary and Valdmanis cut through the tired dogma of current economic thinking to reveal a hopeful truth: If we can make our corporations accountable to a deeper purpose, we can make capitalism both prosperous and good. What happens when the sustainability-driven CEO of Unilever takes on the efficiency-obsessed Warren Buffett? Does Kellogg’s—a company founded to serve a healthy breakfast—have a sacred duty to sell sugary cereal if that’s what maximizes profit? For decades, government has tried to curb CEO pay but failed. Why? Can Harvard students force the university to divest from oil and gas? Does it even matter if they do? O’Leary and Valdmanis, two iconoclastic investors, take us on a fast-paced insider’s journey that will change the way we look at corporations. Likely to spark controversy among cynics and dreamers alike, this book is essential reading for anyone with a stake in reforming capitalism—which means all of us. |
| esg is bad for business: Conscious Capitalism, With a New Preface by the Authors John Mackey, Rajendra Sisodia, 2014-01-07 The bestselling book, now with a new preface by the authors At once a bold defense and reimagining of capitalism and a blueprint for a new system for doing business, Conscious Capitalism is for anyone hoping to build a more cooperative, humane, and positive future. Whole Foods Market cofounder John Mackey and professor and Conscious Capitalism, Inc. cofounder Raj Sisodia argue that both business and capitalism are inherently good, and they use some of today’s best-known and most successful companies to illustrate their point. From Southwest Airlines, UPS, and Tata to Costco, Panera, Google, the Container Store, and Amazon, today’s organizations are creating value for all stakeholders—including customers, employees, suppliers, investors, society, and the environment. Read this book and you’ll better understand how four specific tenets—higher purpose, stakeholder integration, conscious leadership, and conscious culture and management—can help build strong businesses, move capitalism closer to its highest potential, and foster a more positive environment for all of us. |
| esg is bad for business: Over Work Brigid Schulte, 2024-09-17 “Brigid Schulte is a vital voice on the future of work, and her carefully researched book lights the way to fewer hours, less stress, and more meaning.” ―Adam Grant, #1 New York Times bestselling author of Think Again and Hidden Potential, and host of the podcast WorkLife From the New York Times bestselling author of Overwhelmed, a deeply reported exploration of why American work isn’t working and how our lives can be made more meaningful Following Overwhelmed, Brigid Schulte’s groundbreaking examination of time management and stress, the prizewinning journalist now turns her attention to the greatest culprit in America’s quality-of-life crisis: the way our economy and culture conceive of work. Americans across all demographics, industries, and socioeconomic levels report exhaustion, burnout, and the wish for more meaningful lives. This full-system failure in our structure of work affects everything from gender inequality to domestic stability, and it even shortens our lifespans. Drawing on years of research, Schulte traces the arc of our discontent from a time before the 1980s, when work was compatible with well-being and allowed a single earner to support a family, until today, with millions of people working multiple hourly jobs or in white-collar positions where no hours are ever off duty. She casts a wide net in search of solutions, exploring the movement to institute a four-day workweek, introducing Japan’s Housewives Brigade—which demands legal protection for family time—and embedding with CEOs who are making the business case for humane conditions. And she demonstrates the power of a collective and creative demand for change, showing that work can be organized in an infinite number of ways that are good for humans and for business. Fiercely argued and vividly told, rich with stories and informed by deep investigation, Over Work lays out a clear vision for ending our punishing grind and reclaiming leisure, joy, and meaning. |
| esg is bad for business: Net Positive Paul Polman, Andrew Winston, 2021-10-05 A Financial Times Best Business Book of the Year Named one of 10 Best New Management Books for 2022 by Thinkers50 An advocate of sustainable capitalism explains how it's done — The Economist Polman's new book with the sustainable business expert Andrew Winston…argues that it's profitable to do business with the goal of making the world better. — The New York Times Named as recommended reading by Fortune's CEO Daily …Polman has been one of the most significant chief executives of his era and that his approach to business and its role in society has been both valuable and path-breaking. — Financial Times The ex-Unilever CEO who increased his shareholders' returns by 300% while ensuring the company ranked #1 in the world for sustainability for eleven years running has, for the first time, revealed how to do it. Teaming up with Andrew Winston, one of the world's most authoritative voices on corporate sustainability, Paul Polman shows business leaders how to take on humanity's greatest and most urgent challenges—climate change and inequality—and build a thriving business as a result. In this candid and straight-talking handbook, Polman and Winston reveal the secrets of Unilever's success and pull back the curtain on some of the world's most powerful c-suites. Net Positive boldly argues that the companies of the future will profit by fixing the world's problems, not creating them. Together the authors explode our most prevalent corporate myths: from the idea that business' only function is to maximise profits, to the naïve hope that Corporate Social Responsibility will save our species from disaster. These approaches, they argue, are destined for the graveyard. Instead, they show corporate leaders how to make their companies Net Positive—thriving by giving back more to the world than they take. Net Positive companies unleash innovation, build trust, attract the best people, thrill customers, and secure lasting success, all by helping create stronger, more inclusive societies and a healthier planet. Heal the world first, they argue, and you’ll satisfy your investors as a result. With ambitious vision and compelling stories, Net Positive will teach you how to find the inner purpose and courage you need to embrace the only business model that will matter in the years ahead. You will learn how to lead others and unlock your company's soul, while setting and delivering big and aggressive goals, and taking responsibility for all of your company's impacts. You'll find out the secrets to partnering with others, including your competition and critics, to drive transformative change from which you will prosper. You'll build a company that serves your people, your customers, your communities, your shareholders—and your children and grandchildren will thank you for it. Is this win-win for business and humanity too good to be true? Don't believe it. The world's smartest CEOs are already taking their companies on the Net Positive journey and benefitting as a result. Will you be left behind? Join the movement at netpositive.world |
| esg is bad for business: The Business Case for Sustainable Finance Iveta Cherneva, 2012 This edited volume brings together finance industry perspectives from top global institutions, which focus on the bottom line for integrating ESG factors into the operations of the finance industry. Executives and senior practitioners answer the question: 'does following sustainable finance principles make commercial sense for a commercially-oriented financial institution, and if so, what evidence is there?' ' |
| esg is bad for business: Dark Future Glenn Beck, 2023-07-11 In Dark Future: Uncovering the Great Reset’s Terrifying Next Phase, New York Times bestselling authors Glenn Beck and Justin Haskins reveal the most important technologies and social and cultural changes that will soon cause an unprecedented level of disruption in the United States, as well as in countless other nations. They also outline the dangers and opportunities associated with these disruptions and provide a plan to protect individuals and families from losing their liberty. --Amazon. |
| esg is bad for business: OECD Sovereign Borrowing Outlook 2021 OECD, 2021-05-20 This edition of the OECD Sovereign Borrowing Outlook reviews developments in response to the COVID-19 pandemic for government borrowing needs, funding conditions and funding strategies in the OECD area. |
| esg is bad for business: Perspectives in Sustainable Equity Investing Guillaume Coqueret, 2022-03-08 Sustainable investing has recently gained traction throughout the world. This trend has multiple sources, which span from genuine ethical concerns to hopes of performance boosting, and also encompass risk mitigation. The resulting appetite for green assets is impacting the decisions of many investors. Perspectives in Sustainable Equity Investing is an up-to-date review of the academic literature on sustainable equity investing. It covers more than 800 academic sources grouped into six thematic chapters. Designed for corporate sustainability and financial management professionals, this is an ideal reference for ESG-driven financiers (both retail and institutional). Students majoring in finance or economics with some background or interest in ESG concerns would also find this compact overview useful. Key Features: Introduces the reader to terms and nomenclature used in the field. Surveys the link between sustainability and performance (including risk). Details the integration of sustainable criteria in complex portfolio optimization. Reviews the financial liabilities induced by climate change. |
| esg is bad for business: Handbook of Business and Climate Change Anant K. Sundaram, Robert G. Hansen, 2023-01-17 Summarizing the current state of knowledge on the links between business and climate change, this timely Handbook analyzes how businesses contribute to and are affected by climate change, looking closely at their centrality in developing and deploying solutions to address this problem. Contributions from a global collection of scholars and practitioners explore a broad range of key industries’ impacts and responses to climate change, examining corporate strategy and leadership in the climate economy, functional perspectives and corporate practice, and climate finance. |
| esg is bad for business: Individual Behaviors and Technologies for Financial Innovations Wesley Mendes-Da-Silva, 2018-07-26 This book offers comprehensive examination of research on the relevance of individual behavior and technology to financial innovations. The chapters cover current topics in finance including integrated reporting, people finance, crowdfunding, and corporate networks. It provides readers with an organized starting point to explore individual behaviors and new technologies used in financial innovations. The explicit and growing speed of the spread of new technologies has hastened the emergence of innovation in the field of finance. Topics like the Internet of Things, semantic computing and big data finance are motivating the construction of financial tools that translate into new financial mechanisms. This book strives help readers better understand the dynamic of the changes in financial systems and the proliferation of financial products. Individual Behaviors and Technologies for Financial Innovations is organized in 16 chapters, organized in three parts. Part I has eight chapters that review the research on gender differences in attitudes about risk and propensity to purchase automobile insurance, financial literacy models for college students, wellness and attitude of university students in the use of credit cards, impact of programs income distribution and propensity to remain in employment, financial literacy and propensity to resort to informal financing channels, risk behavior in the use of credit cards by students. Part II reviews the research on financing for startups and SMEs, exploring funding through crowdfunding platform, operating credit unions, and using networks of friends to finance small businesses outside the domestic market. The four chapters of Part III describe contexts of financial innovation in listed companies, including society's demands on their behavior - we discuss motivations for companies to participate in corporate sustainability indexes, corporate performance through their profile of socially responsible investments, influence of networks of social relations in the formation of boards, and management of companies, and also the precariousness of financial decisions in large companies, as well as the role of the internet in corporate communication with the market. |
| esg is bad for business: Questioning Beneficence Samuel Arnold, Jason F. Brennan, Richard Yetter Chappell, Ryan W. Davis, 2024-09-30 Effective Altruism is a movement and a philosophy that has reinvigorated the debate about the nature of beneficence. At base, it is the consistent application of microeconomic principles to beneficent action. The movement has exposed that many forms of giving do little good (or do active harm), but others do tremendous good. Questioning Beneficence uses Effective Altruism as a launch pad to ask hard questions about beneficence more generally. Must we be Effective Altruists, or are Effective Altruism and the ideas driving the movement a mistake? How much should we give—if anything— and how should we give it? What are the respective roles of different kinds of institutions? Is charity anti-democratic and do billionaire philanthropists have too much power? Is Effective Altruism just utilitarianism in disguise? Questioning Beneficence is written by four philosophers, each with distinct points of view. It introduces a new standard for debating ideas in philosophy as each author poses and answers three questions and each of his three co-authors responds to those questions in turn. Finally, the first author replies to his co-authors’ responses. Throughout the book, there is a spirit of curiosity, intellectual risk taking, and truth-seeking, rather than point-scoring and one-upmanship. This book demonstrates what open-minded, real dialogue on an important issue can be at its very best. Key Features: Introduces a new roundtable format for philosophical debates: each of four authors takes the lead in constructing and answering three questions, each co-author then responds, and the first author then replies to the others’ responses. Explores salient philosophical questions raised by beneficence, like Can philanthropy be undemocratic? Why are people so bad at charity and what can we do about it? How important is beneficence compared to other values? Can Effective Altruism be part of a meaningful moral life? Consistently written in a clear and engaging style, suitable for both undergraduate students and curious general readers |
| esg is bad for business: Hard Lessons in Corporate Governance Bryce C. Tingle, 2024-05-30 How should corporations be run? Who should get a say, and what results can we expect? Hard Lessons in Corporate Governance provides an accessible introduction to the various failed attempts at using corporate governance to improve society. It introduces the record of these failures and illuminates hard lessons spread across thousands of empirical studies. If we look at the outcomes generated by various corporate governance 'best'; practices, we find that none of the practices work. If we look at the theories and assumptions that support modern corporate governance, we find they are likely wrong. And if we look at the prospect of corporate governance to improve political, environmental, and social outcomes, we find ample evidence that governance will fail us here too. After documenting these failures, Bryce Tingle KC turns to the most important lesson: how to fix this important, but broken, system. |
| esg is bad for business: Company Law and Sustainability Beate Sjåfjell, Benjamin J. Richardson, 2015-05-21 This book advances an innovative, multi-jurisdictional argument for the necessity of company law reform to reorient companies towards environmental sustainability. |
| esg is bad for business: Parker and Evans's Inside Lawyers' Ethics Vivien Holmes, Francesca Bartlett, 2022-12-31 Parker and Evans's Inside Lawyers' Ethics provides a practical and engaging introduction to ethical decision-making in legal practice in Australia. Underpinned by four theoretical concepts - adversarial advocacy, responsible lawyering, moral activism and ethics of care - this text analyses legal and professional frameworks, highlighting relevant parts of the Australian Solicitors' Conduct Rules. Case studies and discussion questions offer contemporary, practical examples of the application of ethics. The book also addresses the challenge of ethical action and offers techniques to deal with ethical conflicts.This edition has been comprehensively updated and discusses the implications of advances in legal technology, mental ill-health in the profession and the complexities of government legal practice. A new chapter covers lawyers' ethical obligation to address the legal challenges posed by climate change. Written by an expert author team, Parker and Evans's Inside Lawyers' Ethics empowers readers to identify ethical challenges and resolve them through good decision-making practices. |
| esg is bad for business: Musings on Markets: Articles from 2020-2024 Martin Kilarski, In the ever-evolving world of finance, clarity and insight are precious commodities. Enter Professor Aswath Damodaran, the mind behind the influential blog Musings on Markets. This unassuming corner of the internet, launched in 2008, serves as a platform for his insightful commentary on current financial events, valuation methodologies, and emerging trends. Damodaran's ability to break down complex financial concepts into digestible terms has made him a beloved figure among investors and students. Professor Damodaran, or Aswath as he's affectionately known to his readers, isn't your typical Wall Street guru. His writing is refreshingly devoid of jargon, laced with wit, and grounded in a passion for demystifying complex financial concepts. Think of Musings on Markets as your friendly neighborhood professor, patiently explaining the intricate workings of financial markets through clear explanations, insightful analyses, and a healthy dose of real-world examples. Aswath Damodaran is a distinguished professor of finance at the Stern School of Business, New York University. Renowned for his groundbreaking work in corporate finance and valuation, Damodaran has been instrumental in shaping the field's methodologies and applications. Born in India, Damodaran pursued his academic journey in the United States, earning his Ph.D. in finance from the University of Michigan. His early career was marked by a deep dive into the intricacies of capital markets and corporate valuation, a fascination that has remained a constant throughout his illustrious career. Damodaran's academic prowess is evident in his extensive publications. He is the author of several highly acclaimed textbooks, including Investment Valuation, Corporate Finance: Theory and Practice, and Applied Corporate Finance: A User's Guide. These books are considered essential reading for students, practitioners, and academics alike, providing invaluable insights into the theory and practice of finance. His contributions to the field of finance have not gone unnoticed. Damodaran has been recognized with numerous awards and honors, including the Graham and Dodd Award from the Financial Analysts Journal and the Distinguished Scholar Award from the Academy of Financial Management. Aswath Damodaran's legacy extends far beyond his academic achievements. His dedication to teaching, research, and public outreach has inspired countless individuals to pursue careers in finance and has significantly advanced the field of corporate valuation. |
| esg is bad for business: Prosperity Colin Mayer, 2018-11-01 What is business for? Day one of a business course will tell you: it is to maximise shareholder profit. This single idea pervades all our thinking and teaching about business around the world but it is fundamentally wrong, Colin Mayer argues. It has had disastrous and damaging consequences for our economies, environment, politics, and societies. In this urgent call for reform, Prosperity challenges the fundamentals of business thinking. It sets out a comprehensive new agenda for establishing the corporation as a unique and powerful force for promoting economic and social wellbeing in its fullest sense - for customers and communities, today and in the future. First Professor and former Dean of the Säid Business School in Oxford, Mayer is a leading figure in the global discussion about the purpose and role of the corporation. In Prosperity, he presents a radical and carefully considered prescription for corporations, their ownership, governance, finance, and regulation. Drawing together insights from business, law, economics, science, philosophy, and history, he shows how the corporation can realize its full potential to contribute to economic and social wellbeing of the many, not just the few. Prosperity tells us not only how to create and run successful businesses but also how policy can get us there and fix our broken system. |
| esg is bad for business: Partnering Jean Oelwang, 2022-03-08 An inspirational call to build deep business and personal relationships as the foundation of a meaningful life and purposeful collaborations, drawing from the wisdom of legendary partnerships including Jimmy and Rosalynn Carter, Ben and Jerry, Desmond and Leah Tutu, and the collective who saved humanity by closing the ozone hole. Our individualistic society has created an environment of fear, division, and domination, which has crushed our ability to relate meaningfully to each other and diminished our capacity to innovate and collaborate. Jean Oelwang, president and founding CEO of Virgin Unite, has been on a decade-long exploration to find out how to nurture relationships with depth and purpose. Deep connections shape who we are and have a profound ripple effect on everything we do, supporting us to achieve more, withstand anything, and amplify impact. Those enduring partnerships are the foundation of a meaningful life as well as the backbone of any successful organization and collaboration. From hundreds of interviews with sixty great partnerships, ranging from business partners, to friends, to life partners, who have made a profound difference, Oelwang offers new insight into how to build relationships that matter. She identifies six core principles including the all-important virtues that connect great partners, the daily rituals that they use to stay in sync, and the skills that allow them to disagree respectfully and productively. Packed with wisdom to nourish the relationships that give us strength and meaning, Partnering is a profound call-to-action to forge partnerships in service of a greater purpose. |
| esg is bad for business: False profits of ethical capital Claire Parfitt, 2024-07-09 False profits of ethical capital is a thought-provoking approach to understanding stakeholder capitalism. Rather than focusing on the inadequacies of corporate responsibility, sustainable investment and consumer politics, this book grapples with the technical and rhetorical functions of ethical capital for profit and accumulation. It provides a unique and eclectic analysis of the political dynamics between finance, capital and labour, offering a refreshing perspective on struggles interlocking social, ecological and economic crises, and suggesting new ways of thinking about sustainability politics. |
| esg is bad for business: Retire Before Mom and Dad: The Simple Numbers Behind A Lifetime of Financial Freedom Rob Berger, 2019-08-29 In Retire Before Mom and Dad, you'll learn how to unlock the superpower inside of you that is capable of transforming almost any income into lasting financial freedom. And, you'll discover that it's not about scrimping and sacrificing to get there. |
| esg is bad for business: Fund Managers Matthew Hudson, 2019-12-16 The definitive guide on fund and asset managers worldwide Fund Managers: The Complete Guide is an all-encompassing overview of fund and asset managers around the globe. The only comprehensive guide on the subject, this book covers both the fund manager and the market as a whole while providing insights from current and future fund managers and leaders in the technology industry from the UK, EU and US. Focused examination of the fund managers and their investors – the categories of manager, the asset classes they participate in, how they are using technology and their views on the market – complements a wider survey of the market that includes upcoming changes to regulation, taxation and political shifts in the Western world. The asset management industry continues to undergo significant changes that rise from the Global Financial Crisis and its recovery, the recent technology boom and political fluctuations that have altered the way business is conducted in financial markets around the world. Questions concerning China and Asia’s rise, Trumpian influence in America and post-Brexit UK-EU relations underscore the contemporary relevance of Fund Managers: The Complete Guide to current and future discourse within the industry. This important volume: Explains worldwide roles, purposes and operations of asset managers including how local culture influences their strategies Examines different types of assets and asset-management strategies Investigates the influence of macroeconomic and political factors such as governance and regulation, international taxation, anti-globalisation and populism Illustrates the impact of technology and its disruptive products and players Describes the different types of investor investing in the managers’ funds and how they view the industry Future-gazes over the ten years and beyond for the industry Fund Managers: The Complete Guide is the authoritative resource for anyone who requires an overview of the asset management industry and up-to-date insights on current and future trends and practices. The book also complements the author’s earlier work Funds: Private Equity, Hedge and All Core Structures. |
| esg is bad for business: Financial Evaluation and Risk Management of Infrastructure Projects Petroutsatou, Kleopatra, Zopounidis, Constantin, 2023-11-07 In light of the recent financial crisis in Europe and the increasing importance of sustainability in construction, insights and practical guidance for financial evaluation and risk management of infrastructure projects are extremely valuable for a well-planned future. It can make a massive difference in the outcomes of construction projects that have access to the future economic benefits approach to asset valuation as a correct asset management accounting to prevent over and underestimation of investments and repair debt. The Financial Evaluation and Risk Management of Infrastructure Projects is a comprehensive guide for professionals and students in the fields of construction and investment, as well as financial and investment institutions. It emphasizes the importance the life cycle cost of infrastructure projects and cost-benefit analysis in optimizing investments, as well as highlighting the need for cost-effective and sustainable infrastructure projects that incorporate value for money construction solutions while considering all risks involved. This book is ideal for professionals in construction, investment institutions, and financial and investment institutions, as well as for students in construction and investments. With the recent financial crisis in Europe and the growing focus on sustainability in construction, this guide offers practical insights and guidance for financial evaluation and risk management of infrastructure projects. |
ESG是什么概念？ - 知乎
esg概念最早由联合国环境规划署在2004年提出，2014年以来，esg资产管理规模以每年25%的速度增长。 目前，越来越多的公司、投资者，甚至是监管机构都开始关注ESG，全球范围内各 …
ESG 在中国的发展状况和前景如何？ - 知乎
esg报告和审计报告不一样，不是一个第三方机构带着审查的眼光去评判的，而是公司内部自己内生出来的文本，你可以想象这种文本的“风味”如何。那些非常核心的问题，或者说esg报告里 …
esg都是做哪些工作的？ - 知乎
esg岗位主要工作内容有哪些？想拿到esg岗位offer需要做哪些准备？ 如果你对esg感兴趣，想更多了解esg相关的内容，我推荐你来听一下这节课。课程会详细讲解“esg是什么？为什么要 …
ESG是什么，为什么现在企业都在做ESG报告？ - 知乎
企业做esg并不能直接赚到钱，esg披露是监管的要求，也是企业全面展示自身价值的机会，有利于吸引投资、提升自身融资能力。 我们整理了几乎所有上市的EGS报告，也包含顶尖咨询公 …
ESG证书的含金量高吗？ - 知乎
目前的esg正处于构建生态体系的阶段。最终，esg也会像财务报告一样，构成一个完善的系统。企业有专门的esg人员负责编esg报告，就如同企业有财务人员负责编写财务报告一样。同时， …
ESG 评级是什么，到底是怎么评的？评级高了有什么用？ - 知乎
esg计量方法则是通过数据分析、挖掘、并排除干扰因素来评价企业的esg表现，通常包括多变量回归分析等，并将清理和排除后的数据与不同的科目进行对比，以识别其表现的优劣。 一个企 …
公司的ESG评级数据可以从哪里找到？ - 知乎
而且金融机构，对esg评级的重视程度要比实体公司还要高一些。因为很多海外的大资金对基金的esg评级是有要求的，评级高了，他们才会投。 esg作为一个很好的职业方向，也可以切入金 …
国内外有哪些含金量较高的双碳或ESG相关的证书？ - 知乎
如果你也对cfa-esg感兴趣，想了解cfa-esg更多考试信息，可以看我的免费公开课，可以切实了解到cfa-esg考什么、难度如何、如何学习及掌握，还有正课内容，都是0元领；另外有cfa-esg免 …
如何看待同一家公司的ESG评级结果存在差异？是否需要统一评估 …
esg评级机构往往通过各自特定的评级方法论，明确数据来源、采用的esg主题和实质性议题、重要性和权重的分配以及评分机制等一系列要素，从科学性和系统性的角度去评估目标企业或其他 …
ESG证书是智商税吗？值不值得考？ - 知乎
一、esg证书 （一）中国esg证书. 官方的解释：《注册esg分析师 》是由全国工商联人才中心、中国科技金融促进会共同指导，由通过课程标准审核的执行机构运营，结业颁发全国工商联人才 …
ESG是什么概念？ - 知乎
esg概念最早由联合国环境规划署在2004年提出，2014年以来，esg资产管理规模以每年25%的速度增长。 目前，越来越多的公司、投资者，甚至是监管机构都开始关注ESG，全球范围内各 …
ESG 在中国的发展状况和前景如何？ - 知乎
esg报告和审计报告不一样，不是一个第三方机构带着审查的眼光去评判的，而是公司内部自己内生出来的文本，你可以想象这种文本的“风味”如何。那些非常核心的问题，或者说esg报告里比 …
esg都是做哪些工作的？ - 知乎
esg岗位主要工作内容有哪些？想拿到esg岗位offer需要做哪些准备？ 如果你对esg感兴趣，想更多了解esg相关的内容，我推荐你来听一下这节课。课程会详细讲解“esg是什么？为什么要 …
ESG是什么，为什么现在企业都在做ESG报告？ - 知乎
企业做esg并不能直接赚到钱，esg披露是监管的要求，也是企业全面展示自身价值的机会，有利于吸引投资、提升自身融资能力。 我们整理了几乎所有上市的EGS报告，也包含顶尖咨询公 …
ESG证书的含金量高吗？ - 知乎
目前的esg正处于构建生态体系的阶段。最终，esg也会像财务报告一样，构成一个完善的系统。企业有专门的esg人员负责编esg报告，就如同企业有财务人员负责编写财务报告一样。同时，外 …
ESG 评级是什么，到底是怎么评的？评级高了有什么用？ - 知乎
esg计量方法则是通过数据分析、挖掘、并排除干扰因素来评价企业的esg表现，通常包括多变量回归分析等，并将清理和排除后的数据与不同的科目进行对比，以识别其表现的优劣。 一个企业 …
公司的ESG评级数据可以从哪里找到？ - 知乎
而且金融机构，对esg评级的重视程度要比实体公司还要高一些。因为很多海外的大资金对基金的esg评级是有要求的，评级高了，他们才会投。 esg作为一个很好的职业方向，也可以切入金 …
国内外有哪些含金量较高的双碳或ESG相关的证书？ - 知乎
如果你也对cfa-esg感兴趣，想了解cfa-esg更多考试信息，可以看我的免费公开课，可以切实了解到cfa-esg考什么、难度如何、如何学习及掌握，还有正课内容，都是0元领；另外有cfa-esg免 …
如何看待同一家公司的ESG评级结果存在差异？是否需要统一评估 …
esg评级机构往往通过各自特定的评级方法论，明确数据来源、采用的esg主题和实质性议题、重要性和权重的分配以及评分机制等一系列要素，从科学性和系统性的角度去评估目标企业或其他 …
ESG证书是智商税吗？值不值得考？ - 知乎
一、esg证书 （一）中国esg证书. 官方的解释：《注册esg分析师 》是由全国工商联人才中心、中国科技金融促进会共同指导，由通过课程标准审核的执行机构运营，结业颁发全国工商联人才 …
